Can you get a flip loan with no experience?
Yes. Lenders price experience into leverage and rate, but no experience doesn't mean no loan. On a first project, expect slightly lower leverage, often up to 85–90% of the purchase and 100% of the rehab, still capped at 75% of ARV.
How to make a first deal approvable
- Buy right: aim for purchase + rehab at or under 70–75% of ARV
- Write a line-item scope of work with realistic costs
- Use a licensed, insured general contractor with references
- Keep reserves: 3–6 months of interest payments plus a contingency
- Start with cosmetic or moderate rehabs, not additions or conversions
Counting your experience
Rentals you've owned, projects completed as a partner or contractor, and wholesale or construction work can all count toward experience. Tell us about it: it can move you into a better pricing tier.
Loans for First-Time Flippers: terms at a glance
| Purchase | Up to 85–90% for new investors |
|---|---|
| Rehab | Up to 100%, paid in draws |
| Max loan | 75% of ARV |
| Credit | 680+ preferred; lower-credit options available |
| Term | 12 – 24 months, interest-only |
Terms shown are representative and subject to underwriting, appraisal and state availability. All loans are business-purpose loans on non-owner-occupied property. This is not a commitment to lend.